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Southgate Apartments 3200 S Maple Ave 23 Unit Apartment Building $675,000 ($29,348/Unit) Slayton, MN 56172
Investment Highlights
- Value-add investment with strong cash flow potential! 14 spacious 2-bedroom units and Nine 1-bedroom units. Recently installed new roof.
Executive Summary
Investment Opportunity: 23-Unit Apartment Building. A prime value-add investment with strong cash flow potential! 14 spacious 2-bedroom units and Nine 1-bedroom units. Recently installed new roof. This property offers an excellent opportunity to enhance cash flow through active management and upgrades, making it ideal for investors seeking steady income and future growth. Value add opportunity with improvements and filled vacancies.
Property Facts
| Price | $675,000 | Building Class | C |
| Price Per Unit | $29,348 | Lot Size | 1.75 AC |
| Sale Type | Investment | Building Size | 20,714 SF |
| No. Units | 23 | Average Occupancy | 56% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1974 |
| Apartment Style | Low-Rise | ||
| Zoning | Residential-Multi-Family | ||
| Price | $675,000 |
| Price Per Unit | $29,348 |
| Sale Type | Investment |
| No. Units | 23 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.75 AC |
| Building Size | 20,714 SF |
| Average Occupancy | 56% |
| No. Stories | 2 |
| Year Built | 1974 |
| Zoning | Residential-Multi-Family |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Refrigerator
- Tub/Shower
- Yard
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Recycling
- Trash Pickup - Curbside
- Maintenance on site
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 14 | - | 680 |
| 1+1 | 9 | - | - |
1 1
Somewhat walkable
30/100
Very drivable
80/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 29-015-0220 | Improvements Assessment | $588,300 |
| Land Assessment | $46,900 | Total Assessment | $635,200 |
Property Taxes
Parcel Number
29-015-0220
Land Assessment
$46,900
Improvements Assessment
$588,300
Total Assessment
$635,200
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Contact the Sale Advisor
Southgate Apartments | 3200 S Maple Ave